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June 8, 1955 Gentlemen: We wish to advise you that we have entered in our Insurance Book # 8236 "MADAME PAUL" Painting by Claude Monet with a value of..............$22,500.-- (Twenty-two thousand five hundred Dollars). This painting has been sold and is being shipped momentarily to its new owner, the Fogg Art Museum, Cambridge, Mass. We are therefore insuring same at its selling price. After its safe arrival the insurance thereon is to be cancelled. Thanking you, Yours very truly, JACQUES SELIGMANN & CO., INC (O. Porjes) McKay Morant & Co. Ltd. King William Street House London E.C. 4